LTC/BTC has me cautiously optimistic I'm observing LTC here as it has decisions to make. Either down, up or sideways. Speaking with fellow traders whom's opinions I respect and have more experience than I have. I've been warned that LTC seems to like to fake out. Thus I'm neutral on this and it definitely isn't a call . I'm not going to let the bullish signs of reversal I see put me in a long bias just yet. Rather I'll be using this as a learning experience and be following it's steps (hopefully gradually stepping up) . As the adage goes "Markets like to take the steps up and the window down".
FA observations:
1. It's been in price discovery for a while looking for it's bottom ;)
2. It's bounced off the support line and may be forming a V bottom reversal and could possibly look to put in a HL from here
3. I'm seeing bulls stepping in and buying these lows
I'm publishing this idea so that I may keep it in the back of my mind and maybe in yours? I do think when LTC starts moving it's going to be one for the books. And with that I would like to wish everyone a happy Easter and do spend this time with loved ones (especially parents, while you still can)
# Obligatory Disclaimer
My ethos at the onset is best described by the following acronym K.I.S.S (Keep it simple stupid) I use this mantra to ground myself, because nobody "outsmarts" the markets, even the legends only had a big brain understanding of them, you will always be the student. Make peace with that fact. Also I'll be sticking with simple charts that show my analysis of assets and won't be cluttering with the indicators I'm using, I'm not an educator. There are many other education channels here on TV and great senpai's curating them. If most of what I said above doesn't make sense, my advice is don't put your hard earned money in ( And most importantly none of this is financial advice, don't come crying and moaning at me if/when you lost your lunch money! )
And with that ladies and gents , always K.I.S.S before you get F'd
Altseason2021
ALT SZN// Coins I'm looking atApologies for the lack of posting to my small following of those who look forward to my analysis. I normally scalp on the 15min so most of my trades play out too quickly to post to be of value.
Regardless, there has been QUITE A FEW coins that have taken off recently...and I believe that will be the trend for the near future going forward.
Below Ill be posting coins that I'm either already in and expecting more returns, or coins that I believe will provide exponential profit for different reasons. I wont list the reasons or profit targets/entry areas since that will all be subjective and dependent on your risk averseness.
MATIC Will see new ATH when this breaks out!Here's a quick look at MATIC 4 hr chart. As we can see, Matic has been consolidating for some Time in the bigger symmetrical triangle. When Matic breaks out from the bigger symmetrical triangle, it will then see new ATH! Keep an eye on this one!
The idea is: Buy the breakout from the bigger falling wedge and Take profits at the levels shown in the chart.
Targets:
1. 0.43$
2. 0.48$
3. 0.54$
Follow me for daily trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BTC UpdateHere's a quick look at BTC 4 hr chart. as we can see, the price has been trying to break the 60k level, but hasn't had any success yet. The last time we ran to new ATH, we saw an inverse head and shoulders pattern. And the same pattern could be forming right now! If we break 60k then we are off to 64k!
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
LTC will see new ATH soon!Here's a quick look at LTC 4 hr chart. As we can see, the price has been oscillating in a bigger symmetrical triangle for few weeks now and we might see a break out from the triangle soon! If we break 218 convincingly, then we might see a 3-400$ LTC! Keep an eye on this one!
The idea is: Buy the breakout from the bigger symmetrical triangle And Take profits at the levels shown in the chart.
Targets:
1. 230$
2. 244$
3. 300$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Polkadot dominance is increasing more and more.This will bring a lot of growths in DOT ecosystem in this 2021 altseason.
The perfect polkadot project to buy right now is REEF, with a very lower marketcap and being pioneer in the first DeFi Blockchain and working as a liquidity aggregator and integrator between some other crypto projects.
XRP About to take off again! Broke out and retested!Here's a quick look at XRP 4 hr chart. As we can see, the price had been oscillating in the bigger symmetrical triangle for some time and finally broke out. the price went up to 0.64$ where we saw a rejection. The price the came back down and is now retesting the bigger symmetrical triangle. The current price could be a good entry for XRP.
The idea is: Buy the breakout from the bigger symmetrical triangle OR the retest of it. Take profits at the levels shown in the chart.
Targets:
1. 0.65$
2. 0.78$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
ALGO looks primed for a bullish Q2ALGO has been showing off the power of the Chaos PRZ (4.669 and 8.77 fibs) as a targeting tool since early 2020.
Having successfully navigated the reload zone in March, this is one we've got a position in for what looks like could be a very strong 2nd quarter for altcoins.
The timing of arrival at the. 8.77, as drawn on the chart is arbitrary. The white circle + ? is just there as an illustration!
A mini-tutorial on the Reload Zone (RLZ) and Chaos PRZ can be found here
Reload Zone
youtu.be
Chaos PRZ
youtu.be
STRAX path for the nearest futureFundamentally STRATIS is an amazing project that has been developed constantly since 2016. Recently they have secured their future by a partnership with investment fund Alphabit that will invest 8 figures into it. STRAX is one of the very few crypto projects that have a working product and focus on developing rather than marketing. It is only a matter of time until we see a real result of their hard work through all these years. Upcoming year should be a great year and might give amazing returns. Remember to always DYOR! This is not a financial advice.
Everyone thought we are crazy‼️ crypto signals🌴QUICK MARKET UPDATE🌴
Everyone thought we are crazy‼️
💎Yello ladies and gents🥂😎
💎Let's make some checks from the update we shared with you on 15 March:
1) We said BTC Dominance will crackdown:
✅Check, we see one of the biggest breakdowns on BTC dominance since 2017.
2) We said ETH (the papa of altcoins) will be the leader:
✅Check, ETH breakout ATH sooner than BTC and is now leading the market (first time since a long time ago).
3) We said The altcoin market cap (TOTAL2) will hit $2tr:
✅ And this is the exciting thing, such as TOTAL2 really did breakout the consolidation, but still a long way ahead of us to hit 2tr.
☯️The time is yours, spend it well.
ADA Will move soon!Here's a quick look at ADA 4 hr chart. As we can see, the price has been oscillating within a bigger symmetrical triangle for some time now and is looking to break out of it very soon. We have low volume which indicates a bigger move to come. The RSI also looks very good for some upside movement. Not long before we see a bigger move to the upside! keep an eye on ADA!
The idea is: Buy the breakout from the level shown in the chart and sell at the target areas shown in the chart.
Targets:
1. 1.34$
2. 1.47$
3. 1.7$
Follow me for daily profitable trading setups!
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
REEF Reminder!Here's a quick look at REEF 4 hr chart. As we can see, the price couldn't break through the resistance zone and came back down to 0.037$ where we saw a bounce. Now the price needs break above the green triangle before we can build some momentum again.
Note: Look for some volume to come in when the price breaks out from the triangle as confirmation.
The idea is: Buy the breakout from the triangle and sell at the target areas shown in the chart.
Targets:
1. 0.049$
2. 0.053$
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
🚀Is this April Fools' Day?If I told you that the real Altseason is not even started, the first thing that would cross your mind would definitely be, "that must be an April fool!" .
This idea is quite fascinating, as already many coins on the market trade at all-time high value during this Bull Market. It's hard to imagine that most of the upside is still ahead of us. Yet, if the picture that this chart depicts unfold to be accurate, Altcoins could have a lot to run in the coming months.
According to Bitcoin's dominance, the Altcoin market looks still undervalued compared to Bitcoin. Add now that April is historically a positive month for crypto to the equation, and the result may be explosive.
There are at least two elements that could provide solid support to this thesis. Bitcoin rebounded strongly from the recent drops, and it's now trading just below a key resistance that, if broken, would push it straight into new price discovery. On top of that, some large-cap coins still have plenty of room to catch up with Bitcoin. See Ethereum, Zcash, and Litecoin, among the most notable cases.
If you took some profits recently, that was a reasonable choice that led you to have the liquidity to accumulate those coins that didn't pump yet. These coins will likely outperform Bitcoin in the short term, allowing you to compound more Bitcoin in the future. As long as Bitcoin's dominance remains below 60, buying the dip strategies offers the best risk-reward profile. But never forget to manage your risk.
It's April's fool week, after all!
BEL just broke out of a 5 month accumulation range! Bella Protocol (BEL) has been ranging since early November. With last night's close, it looks as though this one has finally broken free of its accumulation range and is ready to run.
Dips are the best place to add long exposure on ANY asset, this one is no different :)
With BTC dominance breaking through its local range low, it appears as though we're in for a very exciting second quarter for altcoin / bitcoin pairs.
This one stands out from the crowd given its location on the chart and this recent breakout
BTC Dominance: its alt season!Bitcoin is in a vacuum; it is too big for retail to move the price and too small for big institutions to commit fully.
This means alts will lead the way and alt season (was already here) but now really is!
We have to see what happens to BTC in the coming month, in the next few days I expect nothing but sideways or down because of the holidays.
This means in the short term BTC dominance could drop even more and if it gets below its lowest support level; mega alt season is on.
However I do expect BTC dominance to bounce at the lowest support level and regain on alts in the last 2/3 weeks of April; the current week is for alts, hence I'm posting so many alt opportunities :)
Check my profile to see which alts I'm bullish on! Good luck!
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
BTC Dominance Idea (Alt Season Start with new Month!)Finally, BTC Dominance Breaks the support line ( since 2018 Jan ) and retest it!
Also, it's performing this H&S Pattern for a long time and now break the neckline the target of this fall will be 40 -30 and this is the time that alts will explode make sure you have good alts in your portfolio